US IMPOSES FRESH SANCTIONS OVER SHIPMENT OF RUSSIAN OIL ABOVE PRICE CAP
- NEWS Desk Global
- Dec 1, 2023
- 1 min read
The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities and three oil tankers as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
The U.S. Treasury Department accused those targeted on Friday of using Western maritime services such as transportation, insurance, and financing while carrying Russian crude oil above the $60-per-barrel price cap.
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